2017 Housing Market Forecasts

January 6, 2017

According to various real estate experts, the days of low interest rates are numbered. Predictions for the national real estate market in 2017 include higher interest rates, home sales and prices moderating, and the popularity of suburbs on the rise.

Other observations are that millennials and baby boomers will provide the greatest demand for the next decade, with millennials heading for Midwest cities such as Madison and Omaha.

Home prices are expected to grow about 1% slower than 2016.

An inventory shortage of homes on the market is also expected – but the homes that are on the market are expected to sell 14% faster.